Yesterday we wrote about how the Google Pixel got a good head-start in India, and now a Morgan Stanley report (via Business Insider) claims that the device is pretty much on track across the globe. In fact, it estimates the Pixel to generate a revenue of whopping $3.8 billion in the year 2017.

Morgan Stanley report projects about 5-6 million Pixels to be sold next year. In fact, it predicts the sale of around 3 million Pixels in the last three months of this year. Comparing to arch-rival Apple, the report points out that the Pixel will be half as profitable to Google compared to the iPhone is to Apple due to the high price of the materials of the latter. It should also be noted that Apple managed to sell 45.5 million iPhones in the last quarter this year. So, the Pixel is said to generate 22-25 percent profit, while the iPhone 7’s profit margin is higher around 41 percent.

Meanwhile, Google ensured it isn’t late to the party in India and its new Made by Google phone didn’t take too long to reach the Indian shores. The device was available for pre-order in early October with exchange offers and no-cost EMIs, and by 25 October it went on sale. In fact, it shipped 33,000 units of the Pixel to India till the end of October. This gave it the third spot in the phone segment that costs more than Rs 30,000. In October, Apple enjoyed 66 percent market share while Samsung fell to 23 percent in India.